VOC Energy Trust (NYSE:VOC) Sees Significant Drop in Short Interest

VOC Energy Trust (NYSE:VOC) was the recipient of a significant drop in short interest during the month of December. As of December 15th, there was short interest totaling 9,386 shares, a drop of 60.6% from the November 30th total of 23,803 shares. Based on an average daily trading volume, of 60,305 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.1% of the shares of the company are short sold. Currently, 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 60,305 shares, the days-to-cover ratio is currently 0.2 days.

VOC Energy Trust Stock Down 1.1%

Shares of VOC traded down $0.03 on Friday, reaching $2.78. The stock had a trading volume of 12,775 shares, compared to its average volume of 76,439. VOC Energy Trust has a twelve month low of $2.44 and a twelve month high of $5.12. The firm has a market capitalization of $47.26 million, a PE ratio of 5.45 and a beta of 0.32. The firm has a 50-day moving average of $2.91 and a 200 day moving average of $2.89.

VOC Energy Trust (NYSE:VOC) last posted its earnings results on Monday, November 10th. The oil and gas producer reported $0.11 earnings per share for the quarter. The company had revenue of $2.16 million for the quarter. VOC Energy Trust had a return on equity of 75.96% and a net margin of 87.74%.

VOC Energy Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 14th. Shareholders of record on Thursday, October 30th were issued a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 15.8%. The ex-dividend date of this dividend was Thursday, October 30th. VOC Energy Trust’s dividend payout ratio is 86.27%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of VOC Energy Trust in a report on Monday. One research analyst has rated the stock with a Sell rating, According to MarketBeat, VOC Energy Trust currently has a consensus rating of “Sell”.

Institutional Investors Weigh In On VOC Energy Trust

An institutional investor recently raised its position in VOC Energy Trust stock. Janney Montgomery Scott LLC raised its stake in VOC Energy Trust (NYSE:VOC) by 152.2% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 42,733 shares of the oil and gas producer’s stock after acquiring an additional 25,792 shares during the quarter. Janney Montgomery Scott LLC owned approximately 0.25% of VOC Energy Trust worth $122,000 at the end of the most recent quarter.

About VOC Energy Trust

VOC Energy Trust is a Canada-based unincorporated, open-ended royalty trust focused on upstream oil and gas interests. Headquartered in Calgary, Alberta, the trust holds non-operated royalty and net profit interests in conventional petroleum and natural gas properties. VOC’s structure allows it to collect a percentage of production revenues without directly managing exploration or drilling activities.

The trust’s asset portfolio is concentrated in the Western Canadian Sedimentary Basin, with producing properties across Alberta, Saskatchewan and British Columbia.